IFAPA Chairman further said the country does not have abundant raw materials for ferro alloy and the players are importing it from countries like Australia and South Africa at higher prices.

"Sadly, there is (also) a 2.5 per cent import duty on manganese ore and chrome ore and an anti-dumping duty of USD 25 a tonne on coke. All these things are making it very difficult for ferro alloy producers to maintain India's global position," Sarda warned.

Besides, the power cost is very high compared to other countries. The power cost on average is Rs 5-6 per kilo watt in India as compared to Rs 2 per kilo watt elsewhere in the world, he added.

India has an installed capacity of producing 5 million tonne per annum of ferro alloy, Sarda said.

In a video message, Commerce and Industry Minister Suresh Prabhu asked the industry members to suggest ways to deal with the issues and assured full support of the government in addressing them. ABI ABI ANU ANU

(This story has not been edited by timesofindia.com and is auto–generated from a syndicated feed we subscribe to.)

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